Monthly Archives: <span>April 2020</span>

Brightway Insurance to Offer Deferred Cost Option to New Franchisees During Pandemic

Brightway Insurance has made changes to its franchise contract in a move that is designed to make it easier to attain franchise ownership during the current coronavirus pandemic. According to Brightway President and CEO Michael Miller, the company will offer …

Why Leaders Need to Resist Rewriting Insurance Contract Language

Soon after the attacks on the World Trade Center and other locations on the morning of September 11th, President Bush declared that the atrocities were “an act of war.” That statement prompted a call to me from a friend and …

Farmers in California Names Conte Head of Exclusive Agent Distribution

Woodland Hills, Calif.-based Farmers Insurance has named Krista Conte head of exclusive agent distribution. Conte joins Farmers after more than 15 years at Allstate, where she was most recently field vice president in the California region. Farmers Insurance Group is …

Mastos Was a Staple in Nevada’s Insurance Community

Louis T. Mastos was stepped in myriad sectors of Nevada’s insurance community, and he was someone who early on recognized the value of surplus lines, those who knew him say. Mastos, who served as Nevada’s second insurance commissioner, died on …

Sompo Int’l to Exit Lloyd’s, Writing New Business from London Company Market Platform

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that as part of the ongoing transformation of Sompo International, the insurer will be consolidating its London presence into one company market platform and …

Destruction from Storms Across Southeast ‘Worst in a Decade;’ Death Toll Rises to 30

Storms that killed more than 30 people in the Southeast, piling fresh misery atop a pandemic, spread across the eastern United States on Monday, leaving more than 1 million homes and businesses without power amid floods and mudslides. In Alabama, …

Kelley, from AmWINS, Joins Hanover as President of Specialty Industrial Property Team

The Hanover Insurance Group reported that James A. Kelley has been appointed president of Hanover Specialty Industrial Property. Kelley will be responsible for the company’s portfolio of insurance for complex high hazard industrial businesses. He replaces James L. Abraham, who …

Texas Urges Insurers to Work with Commercial Customers on Premium Adjustments

The Texas Department of Insurance has issued a bulletin to insurers to urging them to work with commercial policyholders that have premiums based on payroll, sales, or a similar auditable exposure. TDI requests that insurers conduct midterm audits and accept …

Texas’ Oil and Gas Regulators Not Ready to Cut Production

Facing a steep drop in oil demand with much of the world staying home to practice social distancing, more than 55 energy executives, analysts and critics appeared one after another Tuesday at a video meeting of the Texas agency that …

Massive Iowa Construction Site Fire Fueled by High Winds

High winds hampered firefighters’ efforts to extinguish a fire at a huge assisted living complex under construction in West Des Moines, Iowa, officials said. The four-alarm fire was reported around 6 p.m. Monday, the Des Moines Register reported. Fire officials …